Engineer buys Common Bank to set up manufacturing base

Merseyside-based Lloyd & Jones Engineers has acquired Unit 12 on Common Bank Industrial Estate in Chorley, Lancashire for £340,000 in a deal brokered by real estate advisors Colliers International.

Acting on behalf of owner NIS Holdings, Colliers disposed of the 6,727sq ft self-contained warehouse/industrial unit on Ackhurst Road on a long leasehold of 125 years from December 1, 1990 at a peppercorn ground rent.

Lloyd & Jones engineers, based at Langton House, Regents Road, Bootle, Merseyside, intends to use the premises as a new manufacturing facility for its recent acquisition, SAL Abrasives.

Laura Wilbourn, surveyor, industrial and logistics at the Manchester office of Colliers International, secured the sale and said: “The price achieved on the sale of Unit 12 reflects ongoing high demand for such freehold opportunities.”